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Eitan's Project

  • #2,741
  • Jun 4, 2014 3:08pm Jun 4, 2014 3:08pm
Should we stay away from market since big News will come out tomorrow and Friday?
  • #2,742
  • Jun 4, 2014 3:13pm Jun 4, 2014 3:13pm
Quoting GoldenEA
Should we stay away from market since big News will come out tomorrow and Friday?
Short answer? Yes!
Ghost Rider - WWTBMD?
  • #2,743
  • Jun 4, 2014 4:22pm Jun 4, 2014 4:22pm
Quoting Christianfx
Say, did anybody take the euro ausie trade yesterday?
I'm also doing.
The patience is put to the test.......
  • #2,744
  • Jun 4, 2014 4:39pm Jun 4, 2014 4:39pm
tomorrow ECB news can drive EA both way. Be warned.
  • #2,745
  • Jun 4, 2014 4:45pm Jun 4, 2014 4:45pm
nfp is da only tingy i dont fool around with 4sure , sume say its already factored in days ahead by da Big Boyz
  • #2,746
  • Jun 4, 2014 5:05pm Jun 4, 2014 5:05pm
ok,i see this EA trade,i didnt took it cause was at other trades,but also if we look very carefully on it we can understand that candle was 50/50

with the MVA and even not at least 85% out of it when this happen i prefer:

1.wait for this candle high will take of and close above it

2.skiping this trade

i know its sound bad but must also to open eyes for price action and S/R area.

why i didnt opened long position on GJ?i see there strong R area for now and waiting for break it and if we get signal from any sys i will be in

**also always considering SL(mental or on desk) as we now we dont have 100% winning on this buisnees and its part of it.
**always consider best MM and do not folow others (and me) if i took any high levarage trade its an private issue and its on your hand
**the conservative attitude claim to risk 2-5% per trade so be responsible for it.

please again i asking do not follow any other levarege as mine its an private section!and do not forget its risky buisnees ok ?

best regards

Eitan.

EA issue chart:

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when GOD brings you a challenge he also gives you the power to deal with it
  • #2,747
  • Jun 4, 2014 5:59pm Jun 4, 2014 5:59pm
Quoting eitan1010
also always considering SL(mental or on desk) as we now we dont have 100% winning on this buisnees and its part of it. always consider best MM and do not folow others (and me) if i took any high levarage trade its an private issue and its on your hand **the conservative attitude claim to risk 2-5% per trade so be responsible for it. please again i asking do not follow any other levarege as mine its an private section!and do not forget its risky buisnees ok?
.... ....
Ghost Rider - WWTBMD?
  • #2,748
  • Jun 4, 2014 8:31pm Jun 4, 2014 8:31pm
After news E/A Going up
Neural Network Algorithm and Econophysics
  • #2,749
  • Jun 5, 2014 12:30am Jun 5, 2014 12:30am
Eitan,
I have recently come across your thread and find it most interesting. Congratulations. Although I have been a scalper all my time as a forex trader, I am interested in attempting a longer time frame system to compliment my scalping strategy. Only having to look at charts every 4 hours should not be too difficult, and your system seems simple enough and your results look excellent.
I have attached a chart of AU and by your rules I think it is a NO TRADE because we do not have a yellow semaphor below price, even though all indicators align for a long trade.
Could you also advise me on the TDI as it is, does it validate an entry if semaphor was below price? Is the mouth open enough or as you call it sticky? This seems to be the only arbitary decision to make with your system, all others are set in stone.
[attach]1441535[/
attach]audusdh4.png (http://www.forexfactory.com/attachment.php?attachmentid=1441535&stc=1&d=1401946150)
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  • #2,750
  • Jun 5, 2014 12:43am Jun 5, 2014 12:43am
Quoting gregben
Eitan, I have recently come across your thread and find it most interesting. Congratulations. Although I have been a scalper all my time as a forex trader, I am interested in attempting a longer time frame system to compliment my scalping strategy. Only having to look at charts every 4 hours should not be too difficult, and your system seems simple enough and your results look excellent. I have attached a chart of AU and by your rules I think it is a NO TRADE because we do not have a yellow semaphor below price, even though all indicators align...
My humble opinion is:stay away from the market with long positions today and tomorrow, just only scalping. Surely,next week, there will appear better entries after the big events.
  • #2,751
  • Jun 5, 2014 12:51am Jun 5, 2014 12:51am
Quoting Lavanda
{quote} My humble opinion is:stay away from the market with long positions today and tomorrow, just only scalping. Surely,next week, there will appear better entries after the big events.
Lavanda,
I was not advocating the trade, my question was to see if I had understood the rules correctly and to ask the question re: the TDI .
gregben
  • #2,752
  • Jun 5, 2014 1:14am Jun 5, 2014 1:14am
Quoting gregben
{quote} Lavanda, I was not advocating the trade, my question was to see if I had understood the rules correctly and to ask the question re: the TDI . gregben
I think the three lines below are very stick. It's not open.
  • #2,753
  • Jun 5, 2014 1:20am Jun 5, 2014 1:20am
LONG GU and SHORT CJ?
  • #2,754
  • Jun 5, 2014 1:23am Jun 5, 2014 1:23am

  1. gregben (http://www.forexfactory.com/gregben)

maybe i am wrong...

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  • #2,755
  • Jun 5, 2014 1:27am Jun 5, 2014 1:27am
Quoting armyda
LONG GU and SHORT CJ?
CJ the green line is not crossover yellow line ...so no short..
GU is same.............
  • #2,756
  • Jun 5, 2014 1:31am Jun 5, 2014 1:31am
Quoting nick20042
{quote} CJ the green line is not crossover yellow line ...so no short.. GU is same.............
I agree, by my understanding the TDI does not support these trades
  • #2,757
  • Jun 5, 2014 1:32am Jun 5, 2014 1:32am
Quoting nick20042
gregben (http://www.forexfactory.com/gregben) maybe i am wrong... {image}
you have to consider only short
  • #2,758
  • Jun 5, 2014 1:39am Jun 5, 2014 1:39am
Quoting nick20042
{quote} CJ the green line is not crossover yellow line ...so no short.. GU is same.............
GU you right but in CJ the yellow line is above green....
  • #2,759
  • Jun 5, 2014 1:40am Jun 5, 2014 1:40am
https://charts.mql5.com/4/892/cadjpy...al-markets.png
  • #2,760
  • Jun 5, 2014 1:43am Jun 5, 2014 1:43am
Quoting nick20042
gregben (http://www.forexfactory.com/gregben) maybe i am wrong... {image}
Interesting thread, I have read all 138 pages.

Just offer an idea, I don't know if Eitan approves or not, but sometimes one system is not giving a clear answer. Sometimes it might not be a bad idea to look at other system Eitan has. Each one gives a view of the market that the others do not always.

nick, for you chart the TDI is very sticky. Ranging market. A look at Eitans other system will tell you that as well. No clear buys that I can see on any of them. I would stay away.

By the way Eitan, you have done a great job here, you have definitely done your homework and you are a top down trader. It is interesting to see how you mix and match your indicators for maximum effect. Some of you best templates are some of your older ones. I can post a few charts if it's okay to do it when the occasion calls for it.

Once again, great job here!
If you are good at something, never do it for free--Joker
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